Ivanhoe Electric (IE) to Release Earnings on Monday

Ivanhoe Electric (NYSEAMERICAN:IE) is anticipated to release its earnings data on Monday, February 24th. Analysts expect Ivanhoe Electric to post earnings of ($0.25) per share for the quarter.

Ivanhoe Electric Trading Down 2.3 %

IE opened at $6.37 on Friday. Ivanhoe Electric has a 1 year low of $5.76 and a 1 year high of $12.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. The stock has a market capitalization of $769.30 million, a price-to-earnings ratio of -4.01 and a beta of 0.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IE shares. Jefferies Financial Group dropped their price target on Ivanhoe Electric from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on Ivanhoe Electric from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank dropped their price target on Ivanhoe Electric from $14.00 to $13.50 and set a “sector outperform” rating on the stock in a research note on Monday, January 6th.

About Ivanhoe Electric

Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.